Pradhan
Mantri Mudra Yojana

Dear candidates you should know that MUDRA Yojana
stands for Micro Unit Development and Refinance Agency is the public

sector
financial institution of India which founded by Prime Minister Shri Narendra
Modi. Through this agency government provides
loans to those applicants who want to start their business or any other career
in order remove unemployment.Dear candidate we are telling you that headquarter of
MUDRA is available in Mumbai city. This scheme gives loans to a middle-class
category in order to develop without any guarantee. Under this scheme,
one may grab loan up to Rs. 10,00,000 Lakh. It was introduced for the biggest
increase of entrepreneurship in the Non-Corporate Small Business zone (NCSB)
which gives financial support to this zone.

More than ninety percent of this sector does not have
access to formal sources of finance. Therefore, via MUDRA Bank a statutory
enactment for the needs of the NCSB segment or the informal zone for starting
them in the mainstream. Dear peoples Pending enactment of an act for MUDRA
Bank, a Non-Banking Finance Company as MUDRA Ltd has been set up as a
subsidiary of SIDBI.

Vision: To be an integrated financial and
support services provider par excellence benchmarked with global well practices
and standards for the bottom of the pyramid universe for their comprehensive
economic and social development.

Mission: To make an inclusive, sustainable and
value-based entrepreneurial culture, in collaboration with our partner
institutions in achieving economic success and financial security.

Purposes: Our basic purpose is to do growth in
an inclusive and sustainable manner by supporting and promoting partner
institutions and making an environment of increase for microenterprises sector.
Gives funding to the several sector for growth and developments in public zones
as well as private sector.

The offering of
Funds and interests:

MUDRA gives loans with limited funds in three categories:

Shishu: It covers loan up
50, 000 rupee.

Kishor: It covers loan up
50, 000 rupee to 5, 00, 000 rupee.

Tarun: Its covers loan
up 5, 00, 000 rupee to 10, 00, 000 rupee.

Limits

Micro Enterprises

Small Enterprises

Up to Rs.50000/-

Base Rate

Base Rate+0.50%

Above Rs.50000/- to Rs. 2.00 lacs

Base Rate+0.50%

Base Rate+1.00%

Above Rs.2.00 lacs to Rs.10.00 lacs

Base Rate+1.00%

Base Rate+1.25%

Bank
Participations:

Central Banks

State Banks

Rural Banks

Private Banks etc.

Eligibility of Availing Loans: Any Indian candidate
who want to start a business plan for a non source of income such as
manufacturing, processing, trading or service sector whose credit need is less
than Rs. 10 lakh they can approach either a Bank, MFI or NBFC for availing
of MUDRA loans under PMMY (Prime Minister Mudra Yojana). The usual durations
and conditions of the lending agency may have to be followed for availing of
loans under PMMY as well as banks also.

Some
Banks with their interest rates and tenures:

Mudra Loan Bank

Interest rate

Tenure

HDFC

12.75% to 20%

1-5 years

HDBFS

15.95% to 18.95%

1-3 years

Tata Capital

13.49% to 19.50%

1-5 years

Kotak Mahindra Bank

11.5% to 18%

1-5 years

Capital First

13% to 20%

1-5 years

Citibank

12.75% to 15.75%

1-5 years

IndusInd Bank Ltd

12.99% to 18.25%

1-5 years

Fullerton

19.50% to 37%

1-4 years

Standard Chartered Bank

12.50% to 17%

1-5 years

ICICI Bank

11.49% to 17.50%

1-5 years

Aditya Birla Finance Ltd

14%

1-3 years

Allahabad Bank

13.70%

1-5 years

Bank of Baroda

14.15%

1-3 years

Bank of Maharashtra

15.20%

1-3 years

Bank of India

12.7% to 14.7%

1-3 years

Canara Bank

13.65%

1-3 years

Central Bank

12.70%

1-3 years

Dena Bank

13 % to 14%

1-3 years

IDBI Bank

12.75% to 13.75%

1-5 years

Indian Bank

12.65% to 13.65%

3 years

Indian Overseas Bank

14.70%

1-5 years

Karur Vysya Bank

13.9% to 16.40%

1-3 years

Oriental Bank of Commerce

11.2% to 12.95%

1-5 years

South Indian Bank

14.80%

1-4 years

State Bank of Bikaner and Jaipur

13.2% to 14.2%

1-5 years

State Bank of Hyderabad

15.25% to 15.75%

1-3 years

State Bank of India

17.80%

1-4 years

State Bank of Mysore

16.90%

1-3 years

State Bank of Patiala

12.65% to 14.65%

1-5 years

State Bank of Travancore

13.2% to 13.45%

1-5 years

Tamilnad Mercantile Bank

14.4% to 16.4%

1-5 years

UCO Bank

14.1% to 15.1%

4-5 years

Union Bank of India

14.4%

1-5 years

Vijaya Bank

13.7%

1-5 years

How
to apply for Pradhan Mantri Mudra Yojana:

Indian citizens may get the application form any bank
(including Government Banks and Private Banks).

Now candidates should fill up the application form with
whole required details.

Now read again and attached all they documents as
Aadhar Card, Voter Id Cards, Marks sheet etc with photographs passport size.

Press on the “Submit” tab and you receive funds within
15 days available in your bank saving account.